Quarterly report pursuant to Section 13 or 15(d)

OPTIONS AND WARRANTS (Tables)

v3.3.0.814
OPTIONS AND WARRANTS (Tables)
6 Months Ended
Sep. 30, 2015
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
                  Weighted-  
            Weighted-     Average  
            Average     Remaining  
      Number of     Exercise     Contractual  
      Shares     Price     Term (years)  
  Outstanding at March 31, 2014   6,000,000   $ 0.61     8.8  
  Granted   17,352,000   $ 0.14     9.1  
  Exercised   (182,000 ) $ 0.01     9.5  
  Expired/Forfeited   (6,000,000 ) $   -     8.5  
  Outstanding at March 31, 2015   17,170,000   $ 0.14     8.5  
  Granted   -     -     -  
  Exercised   -     -     -  
  Expired/Forfeited   -   $   -     -  
  Outstanding at September 30, 2015   17,170,000     0.14     7.7  
      17,170,000              
  Exercisable at September 30, 2015       $ 0.14     8.5  
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]
          Weighted-  
    Number     Average  
    of Warrants     Exercise Price  
Outstanding at March 31, 2014   8,310,415   $ 0.52  
   Granted   29,249,253     0.13  
   Exercised   (14,529,256 )   (0.31 )
   Cancelled   -     0.00  
Outstanding at March 31, 2015   23,030,412     0.14  
   Granted   15,260,014     0.10  
   Exercised   (1,348,797 )   -  
   Cancelled or Expired   (3,173,568 )   -  
Outstanding at September 30, 2015   33,768,061     0.11  
Warrants exercisable at September 30, 2015   32,051,321   $ 0.11  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
  STOCK WARRANTS OUTSTANDING AND EXERCISABLE
    Weighted-
    Average
  Number of Remaining
  Warrants Contractual
Exercise Price Outstanding Life in Years
$0.1000 20,360,014 2
$0.12500 12,332,472 3.5
$0.1875 953,333 3.5
     
$0.5500 116,279 3.3
$0.6000 5,963 3.3
Schedule of Share-based Payment Award, Warrants, Valuation Assumptions [Table Text Block]
  Market value of stock on purchase date $0.075 to $0.142
  Risk-free interest rate 26% to 1.42%
  Dividend yield   0.00%  
  Volatility factor 116% to 161%
  Weighted average expected life (years)   2